St Shine Optical Co (ROCO:1565) Change In Receivables : NT$65 Mil (TTM As of Mar. 2024)

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What is St Shine Optical Co Change In Receivables?

St Shine Optical Co's change in receivables for the quarter that ended in Mar. 2024 was NT$-24 Mil. It means St Shine Optical Co's Accounts Receivable increased by NT$24 Mil from Dec. 2023 to Mar. 2024 .

St Shine Optical Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-37 Mil. It means St Shine Optical Co's Accounts Receivable increased by NT$37 Mil from Dec. 2022 to Dec. 2023 .

St Shine Optical Co's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$705 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. St Shine Optical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. St Shine Optical Co's liquidation value for the three months ended in Mar. 2024 was NT$1,368 Mil.

St Shine Optical Co Change In Receivables Historical Data

The historical data trend for St Shine Optical Co's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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St Shine Optical Co Change In Receivables Chart

St Shine Optical Co Annual Data

Trend

Dec14

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Dec23

Change In Receivables

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264.00

-194.76

-69.15

274.51

-36.97

St Shine Optical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-126.38	163.73	-17.44	-56.88	-24.42

St Shine Optical Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$65 Mil.

St Shine Optical Co (ROCO:1565) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

St Shine Optical Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	705.255	/	1099.745	*	91
=	58.52

2. In Ben Graham's calculation of liquidation value, St Shine Optical Co's accounts receivable are only considered to be worth 75% of book value:

St Shine Optical Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2130.214	-	1797.008	+	0.75 * 705.255	+	0.5 * 1011.376
=	1,368

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St Shine Optical Co (ROCO:1565) Business Description

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Address

Ta Tung Road, 5th Floor, No.276, Section 1, Hsi Chih District, New Taipei, TWN, 22146

Website

https://www.stshine.com.tw

St Shine Optical Co Ltd is a contact lens manufacturer and one of the largest suppliers of contact lenses in Taiwan. The company primarily sells soft contact lenses, including daily disposable, frequent replacement spherical, frequent replacement toric, colored, and silicone hydrogel lenses. Its frequent replacement portfolio includes weekly, monthly, and quarterly replacement lenses with a range of water contents. St Shine manufactures its lenses with a cast-molding technology developed in-house and uses a computerized lathe cut system to manufacture progressive multifocal lenses used to correct presbyopia. It operates in two segments: Cast molding lenses and Others.

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